Hangzhou United Bank Equity Transfer Approved: Zhejiang Provincial International Trade Group and Zhejiang Orient Shareholdings Rise to 6.06% and 3.94% Respectively

Deep News08-27

On August 27, the Zhejiang Branch of the National Financial Regulatory Administration issued approval for Zhejiang Provincial International Trade Group Co., Ltd. to acquire 129.3434 million shares of Hangzhou United Bank held by Fuxin Group Co., Ltd., and 2.7927 million shares held by Chuangju Era (Xiamen) Hospital Investment Co., Ltd. Following the transfer, Zhejiang Provincial International Trade Group Co., Ltd. will hold a total of 132.1361 million shares of Hangzhou United Bank, representing a 6.06% stake.

The approval also covers Zhejiang Orient Financial Holdings Group Co.,Ltd.'s acquisition of 15.1978 million shares of Hangzhou United Bank from Chuangju Era (Xiamen) Hospital Investment Co., Ltd. After the transfer, Zhejiang Orient Financial Holdings Group Co.,Ltd. will hold a total of 85.9102 million shares of the bank, representing a 3.94% stake.

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